Alcion Exits Stealth As ‘Modern AI-Driven Company’ Focused On Data Protection, Security, CEO Says
Joseph F. Kovar
‘You will be seeing a lot more work on the security side. We know very well how to do core backup and disaster recovery. ... But we have also been spending a lot of time on the security side to bring those worlds together. I think we will see this fundamentally be the market shift in the next couple of years,’ says Alcion co-founder and CEO Niraj Tolia.
Alcion exited stealth with a seed round funding of $8 million. Is that the total funding in the company so far?
This is one of those things where, until something is complete, I don’t want to talk about it. But we have a few interesting things in play right now. But nothing that I can unfortunately talk about today. Yes, $8 million in the bank. And most of the investors we’ve been working with for many, many years now across many companies.
Any strategic investments?
This again is something I cannot talk about right now. But you will likely see announcements in the next few months. Because I look at strategic [investments] not from a funding perspective, but from a go-to-market perspective. And so I think it’s a separate bucket there for me. But this investment was an angel round.